Short Sales & Foreclosures

I receive calls all the time from San Ramon Valley home owners who are interested in whether they should consider a deed in lieu of foreclosure or a short sale on their property. It will help to know ALL your options when facing foreclosure. One option is giving the Deed in Lieu when they are unable to meet their financial obligations on the home, there is no equity left in the property and when foreclosure seems to be the imminent destination.

A Deed in Lieu may be submitted by the borrower after talking to the lender about this as an alternative to paying off their mortgage but sometimes the borrower will submit the Deed in Lieu without lender agreement. The lender can show their refusal of the Deed in Lieu by filing a Notice of Non-Acceptance with the County Recorders Office.

So, after asking a few questions I find out that they owe, for example, a San Ramon home owner continue